From career breakthroughs to professional milestones, explore how Jeff Bezos made an impact.
Jeff Bezos is an American businessman renowned as the founder and former CEO of Amazon, a global leader in e-commerce and cloud computing. Currently serving as executive chairman, Bezos has amassed significant wealth, making him one of the wealthiest individuals globally. He notably held the title of the world's wealthiest person between 2017 and 2021. His entrepreneurial success with Amazon has significantly impacted the technology and retail sectors.
After Jeff Bezos graduated from college in 1986, he was offered jobs at Intel, Bell Labs, and Andersen Consulting. He first worked at Fitel, a fintech telecommunications start-up.
In 1986, Jeff Bezos graduated from Princeton University with a Bachelor of Science in Engineering (BSE), summa cum laude.
In 1988 Jeff Bezos transitioned into the banking industry when he became a product manager at Bankers Trust.
From 1990 to 1994 Jeff Bezos worked at D. E. Shaw & Co, a newly created hedge fund with a strong emphasis on mathematical modelling.
On July 5, 1994, Jeff Bezos and MacKenzie Scott founded Amazon in a rented garage in Bellevue, Washington, after writing its business plan on a cross-country drive from New York City to Seattle.
In 1994, Jeff Bezos and MacKenzie moved to Seattle, Washington, where Bezos founded Amazon.
In 1994, Jeff Bezos was the fourth senior vice-president at D. E. Shaw & Co.
In 1997, Jeff Bezos first became a millionaire after raising $54 million through Amazon's initial public offering (IPO).
In 1997, Jeff Bezos raised $54 million during Amazon's equity offering to finance acquisitions of smaller competitors.
The Motley Fool estimated that if Jeff Bezos had not sold any of his shares from its original public offering in 1997, his net worth would sit at $181 billion in 2018.
In 1998, Jeff Bezos diversified Amazon into the online sale of music and video.
In 1998, Jeff Bezos invested $250,000 in Google, becoming one of the company's first shareholders through Bezos Expeditions.
Since 1998, Jeff Bezos has published an annual letter for Amazon shareholders wherein he frequently refers to five principles: focus on customers, not competitors; take risks for market leadership; facilitate staff morale; build a company culture; and empower people.
In 1999, Jeff Bezos purchased a majority stake in pets.com and a portion of kozmo.com for $60 million, both of which would fail after the dot-com bubble collapse in 2000.
In 1999, Jeff Bezos was first included on the Forbes World's Billionaires list with an estimated net worth of $10.1 billion, placing him 19th in the world and 10th in the USA.
In September 2000, Jeff Bezos founded Blue Origin, a human spaceflight startup, marking his formal entry into the aerospace industry. Bezos expressed long interest in space travel.
In 2002, Jeff Bezos led Amazon to launch Amazon Web Services, which compiled data from weather channels and website traffic.
In 2003, Amazon rebounded from financial instability and turned a profit of $35 million.
In 2003, Rob Meyerson started leading Blue Origin and served as its first president until 2017.
From 2005 to 2007, Jeff Bezos quadrupled his net worth to $8.7 billion.
In 2006, Blue Origin purchased a large tract of land in West Texas to establish a launch and test facility, marking a significant step in the development of its space program.
In November 2007, Jeff Bezos launched the Amazon Kindle.
From 2005 to 2007, Jeff Bezos quadrupled his net worth to $8.7 billion.
Jeff Bezos donated to the Fred Hutchinson Cancer Research Center several times between 2009 and 2017.
In 2010, Jeff Bezos donated $100,000 towards a movement against a Washington state income tax for "top earners".
In 2010, Jeff Bezos's wealth rose by 85.2%, leaving him with $12.6 billion and ascending him to the 43rd spot on the Forbes ranking from 68th.
In 2011, Jeff Bezos told Greg Hart that the goal was to create "the Star Trek computer", which became Alexa.
In 2012, Jeff Bezos and MacKenzie Bezos contributed $2.5 million to Washington United for Marriage, supporting the legalization of same-sex marriage in Washington.
In May 2013, Jeff Bezos met with Richard Branson, chairman of Virgin Galactic, to discuss commercial spaceflight opportunities and strategies, highlighting the growing interest in private space travel.
On August 5, 2013, Jeff Bezos announced his purchase of The Washington Post for $250 million in cash, at the suggestion of Don Graham. He established Nash Holdings to own the newspaper.
On October 1, 2013, the sale of The Washington Post closed, and Nash Holdings took control of the newspaper under Jeff Bezos's ownership.
In 2013, Bezos Expeditions funded the recovery of two Saturn V first-stage Rocketdyne F-1 engines from the floor of the Atlantic Ocean, which were positively identified as belonging to the Apollo 11 mission from July 1969.
In 2013, Jeff Bezos pledged $500,000 to Worldreader, a non-profit founded by a former Amazon employee.
In 2013, Jeff Bezos secured a $600-million contract with the Central Intelligence Agency (CIA) on behalf of Amazon Web Services.
In 2014, Amazon won a bid for a cloud computing contract with the CIA valued at $600 million.
In 2014, after a rumor broke out that Amazon was developing a smartphone, Jeff Bezos's net worth rose to $30.5 billion.
In 2015, Jeff Bezos announced that Blue Origin was developing a new orbital launch vehicle, with the first flight expected in the late-2010s.
In January 2016, Jeff Bezos set out to reinvent The Washington Post as a media and technology company by reconstructing its digital media, mobile platforms, and analytics software.
By the time the Forbes list was calculated in March 2016, Jeff Bezos's net worth was registered at $45.2 billion.
In May 2016, Jeff Bezos sold slightly more than one million shares of his holdings in Amazon for $671 million.
On August 4, 2016, Jeff Bezos sold another million of his Amazon shares for $756.7 million.
In October 2016, Jeff Bezos's wealth increased by $16.2 billion to $66.5 billion, unofficially ranking him the third-richest person in the world, behind Warren Buffett.
After the 2016 presidential election, Jeff Bezos was invited to join Donald Trump's Defense Innovation Advisory Board.
In 2016, Jeff Bezos portrayed a Starfleet official in the movie Star Trek Beyond and attended San Diego Comic-Con.
Jeff Bezos wealth's rapid growth from 2016 to 2017 sparked a variety of assessments about how much money Bezos earned on a controlled, reduced time scale.
Since 2016, Jeff Bezos has spoken more freely about his hopes to colonize the solar system, and has been selling $1 billion in Amazon stock each year to capitalize Blue Origin in an effort to support this endeavor.
In May 2017, Bezos donated $1 million to the Reporters Committee for Freedom of the Press, an organization offering pro bono legal aid to American journalists.
On June 15, 2017, Bezos used Twitter to solicit ideas for a new philanthropic strategy, contrasting it with his long-term focus in business. At the time, his lifetime charitable spending was estimated at $100 million.
In July 2017, Jeff Bezos briefly unseated Microsoft co-founder Bill Gates as the wealthiest person in the world after sporadic jumps in Amazon's share price.
On October 10, 2017, Jeff Bezos made an estimated $6.24 billion in 5 minutes, slightly less than the then annual gross domestic product of Kyrgyzstan.
Throughout the month of October 2017, Jeff Bezos would continue to sporadically surpass Bill Gates as the wealthiest person in the world after Amazon's share price fluctuated.
In December 2017, New Shepard successfully flew and landed dummy passengers, pushing the human space travel start date into late 2018.
In 2017, Jeff Bezos's $250,000 investment in Google in 1998 was worth approximately $3.1 billion, demonstrating a successful early venture capital investment.
In 2017, Rob Meyerson ended his leadership at Blue Origin after serving as its first president since 2003.
Jeff Bezos donated to the Fred Hutchinson Cancer Research Center several times between 2009 and 2017.
In January 2018, Bezos donated $33 million to TheDream.US, a scholarship fund supporting undocumented immigrants who came to the U.S. as minors.
In January 2018, an announcement was made concerning Jeff Bezos's role within a new, unnamed healthcare company, later named Haven, in partnership with Amazon, JPMorgan, and Berkshire Hathaway.
By January 19, 2018, Jeff Bezos' Amazon stock holdings had appreciated to slightly over $109 billion.
On January 29, 2018, Jeff Bezos was featured in Amazon's Super Bowl commercial.
On February 1, 2018, Amazon reported its highest ever profit with quarterly earnings of $2 billion.
In March 2018, Jeff Bezos dispatched Amit Agarwal to India with $5.5 billion to localize operations throughout the company's supply chain routes.
In March 2018, Jeff Bezos met with Mohammad bin Salman to discuss investment opportunities for Saudi Vision 2030.
In May 2018, Jeff Bezos stated that Blue Origin's primary goal is to preserve Earth's natural resources by making humanity multi-planetary.
In June 2018, Bezos donated to Breakthrough Energy Ventures, a philanthropic fund founded by Bill Gates, focused on promoting emissions-free energy.
In July 2018, it was announced that commercial spaceflight tickets would cost from $200,000 to $300,000 per person.
In September 2018, Bezos announced a commitment of approximately $2 billion to address American homelessness and establish a network of non-profit preschools for low-income communities, creating the "Day 1 Families Fund" and "Day 1 Academies Fund".
In September 2018, Bezos donated $10 million to With Honor, a nonpartisan organization dedicated to increasing the number of veterans in political office.
On October 2, 2018, Jeff Bezos announced a company-wide wage increase, raising the minimum wage to $15 per hour.
In November 2018, it was announced that New Shepard would begin transporting humans into sub-orbital space.
In 2018, a $10 billion contract known as the Joint Enterprise Defense Infrastructure (JEDI) project with the Pentagon, was allegedly written in a way that favored Amazon, leading to controversy.
In 2018, it was reported that Jeff Bezos met with Amazon investors for just six hours a year, showcasing his unique approach to management and investor relations.
In 2018, more than 400 Washington Post employees wrote an open letter to Jeff Bezos criticizing his poor wages and benefits for his employees.
In November 2019, after the JEDI contract was awarded to Microsoft, Amazon filed a lawsuit alleging bias in the bidding process.
In February 2020, Bezos pledged $10 billion to fight climate change through the Bezos Earth Fund.
In April 2020, early in the COVID-19 pandemic, Bezos donated $100 million to food banks through Feeding America.
On February 2, 2021, Jeff Bezos sent an email to all Amazon employees, telling them that his transition would give him time and energy to focus on other endeavors.
In February 2021, Jeff Bezos announced that in the third quarter of 2021, he would step down from his role as CEO of Amazon to become the Executive Chairman of the Amazon Board.
On July 6, 2021, the Pentagon cancelled the JEDI contract with Microsoft, citing that "due to evolving requirements, increased cloud conversancy, and industry advances, the JEDI Cloud contract no longer meets its needs."
In July 2021, Bezos announced the Courage and Civility Award and donated $100 million each to Van Jones and José Andrés.
On July 20, 2021, Jeff Bezos launched on the NS-16 mission with his half-brother Mark Bezos, Wally Funk, and Oliver Daemen. The suborbital flight lasted over 10 minutes.
In September 2021, Jeff Bezos co-founded Altos Labs, a biotechnology company dedicated to developing longevity therapeutics.
In November 2021, at the 2021 United Nations Climate Change Conference, Bezos pledged to donate $2 billion towards restructuring food systems and nature conservation.
On November 22, 2021, Jeff Bezos donated $100 million to the Obama Foundation.
On January 19, 2022, Altos Labs left stealth mode and launched with a start capital of $3 billion and an executive team led by Hal Barron. The company was co-founded by Jeff Bezos in September 2021.
On November 22, 2022, Bezos awarded $123 million to organizations focused on relocating homeless families to permanent housing through Day 1 Families Fund grants.
In December 2023, around 750 employees at The Washington Post went on a brief strike in response to Jeff Bezos' plans to lay off staff.
In February 2024, Jeff Bezos sold 24 million shares in Amazon at a total value of $4 billion and announced plans to sell 50 million shares over the next year.
In March 2024, Bezos donated $50 million each to actress Eva Longoria and retired admiral Bill McRaven.
During an interview at the DealBook Summit in December 2024, Jeff Bezos said that he was dedicating 95% of his time to artificial intelligence initiatives at Amazon.
In 2024, Jeff Bezos blocked the Washington Post's editorial board from endorsing Kamala Harris in the presidential election, leading to criticism and resignation.
In March 2018, Jeff Bezos met with Mohammad bin Salman to discuss investment opportunities for Saudi Vision 2030.